US banks racked up $20 billion in losses to synthetic identity fraudsters in 2020, according to new data from the Federal Reserve.
Source: ThycoticCentrify
ThycoticCentrify, a leading provider of cloud identity security solutions formed by the merger of privileged access management (PAM) leaders Thycotic and Centrify, today announced enhancements to its PAM solution for DevOps, Thycotic DevOps Secrets Vault. The latest version offers certificate-based authentication and the ability to configure Time-to-Live (TTL) for secrets, leading to even tighter DevOps security and easier management.
Source: Amadeus
The way online payments are made in Europe will enter a new era from 31st December 2020 as the Strong Customer Authentication (SCA) requirements of the Payments Services Directive II come into force.
Nok Nok Labs (Nok Nok), the trusted leader in next-generation authentication today announced that its partner Hitachi, Ltd., successfully deployed the Nok Nok S3 Authentication Suite (NNL S3 Suite) at MUFG Bank, Ltd. (MUFG Bank), Japan's largest bank.
The Alan Turing Institute is pleased to announce the publication of Facets of Trustworthiness in Digital Identity Systems, a Technical Briefing from the Trustworthy Digital Infrastructure for Identity Systems project. The publication introduces a new framework to be developed as a resource for and in consultation with governments, humanitarian organisations and industry stakeholders that are advancing digital identity systems.
Privacy researchers at vpnmentor have uncovered a huge data breach in security platform Biostar 2, a centralised biometric access control system used by UK police forces and major banks.
Accenture (NYSE: ACN) has completed its acquisition of Arismore, a privately held company in France that specializes in providing security services, including identity and access management (IAM), as well as enterprise architecture, change management and related training services. The acquisition, first announced on December 19, 2016, brings to Accenture complementary security solutions and services, a strong client base and a talented team of 270 highly skilled security and enterprise architecture professionals.
Source: Jumio
Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies.
LuxTrust S.A., a leading Digital Trust Services Provider in Luxembourg, and Cambridge Blockchain Inc., a pioneer in digital identity enterprise Software, announced the private beta-testing phase for privacy-protecting European identity platform IDKEEP.
SailPoint, the undisputed leader in identity governance, surveyed customers and attendees at this week’s Gartner IAM Summit about their plans for cloud adoption in the next five years. Of the 100 survey respondents, 30 percent plan to transition more of their mission-critical applications to the cloud in the next two years, and a full 50 percent indicated that they will take a cloud-first approach for all IT purchases by 2021.
Equifax is to acquire digital fraud prevention network Kount for $640 million.
Citi’s Treasury and Trade Solutions (TTS) has launched Citi Verify, a new identity and account verification solution that helps clients streamline customer onboarding, reduce the risk of improper payments, and drive operational efficiencies.
Brits are nearly twice as likely to trust banks to store and keep safe their biometric information as they are to trust government agencies, according to a survey from Visa.